Verra Mobility Corporation · NASDAQ:VRRM
Verra Mobility — Q2 2022 Earnings Presentation
14 slides from Verra Mobility's earnings presentation, Jun 30, 2022
Slide 1: Verra Mobility Q2 2022 Earnings Presentation
Earnings Overview Verra Mobility Q2 2022 Earnings Presentation For the Quarter Ended June 30, 2022
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,”
Slide 3: Executive Summary
Executive Summary Key Highlights Financial Highlights • Attractive macro trends driving strong growth in Commercial Services • Q2 2022 results represent 25% revenue growth over Q2 2019 Q2 2022 Total Revenue • Strong top-line performance across all business segments Providing mission critical operati
Slide 4: Verra Mobility Consolidated Results
Verra Mobility Consolidated Results Total Revenue & YoY Growth Adjusted EBITDA & Margin % 19% (23%) (27%) Q2 Service Revenue Growth Revenue Mix by Business Segment ($ in Millions) 2019 2021 2022 Total Service Revenue $103 $116 $175 Less Redflex ($3) ($17) Less: Parking Solutions ($15) Organic Srvc R
Slide 5: Results by Segment – Commercial Services
Results by Segment – Commercial Services Total Revenue & YoY Growth Adjusted EBITDA & Margin % 66% 64% 61% 55% 70% 52% 49% 27% Robust travel demand and strong secular trends driving strong revenue growth & profitability 5
Slide 6: Results by Segment – Government Solutions
Results by Segment – Government Solutions Total Revenue & YoY Growth Adjusted EBITDA & Margin % Q2-2022 ($ in Millions) $ YoY Service Revenue $ 75 50% Product Revenue $9 (28%) Total Revenue $ 84 34% Revenue growth fueled by NYC School Zone Speed expansion 6
Slide 7: Results by Segment – Parking Solutions
Results by Segment – Parking Solutions Total Revenue ($M) Adjusted EBITDA & Margins ($M) Service Revenue Product Revenue $25 $19 $20 $18 $4 $4 18% $15 16% NA 1 $10 $7 $14 $15 $3 $5 $3 $3 $3 $4 $0 1 4Q 2021 1Q 2022 2Q 2022 1 4Q 2021 1Q 2022 2Q 2022 Parking Solutions (T2 Systems) financial results in-
Slide 8: Strong Adjusted EPS and De-levering performance
Strong Adjusted EPS and De-levering performance Adjusted EPS Net Debt & Leverage $1,172 $1,152 $1,157 $871 4.3x 3.7x 3.8x 3.5x Q3 2021 Q4 2021 Q1 2022 Q2 2022 Demonstrated post-pandemic earnings power and De-levering 8
Slide 9: 2022 Updated Financial Outlook
2022 Updated Financial Outlook Total Revenue ($M) Adjusted EBITDA ($M) $720 - $740 $325 - $335 $715 $322 +2.1% +2.5% Prior Current Prior Current Strong secular trends driving service Product revenue expected roughly in Adjusted EBITDA margins reflect full revenue growth…travel demand remained line w
Slide 10: Appendix
Appendix 10
Slide 11: Verra Mobility Quarterly Results
Verra Mobility Quarterly Results 2020 - 2022 Unaudited ($ in millions) Full Year 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Full Year 2021 Q1 2022 Q2 2022 Service revenue $336.3 $89.8 $116.4 $141.8 $144.8 $492.8 $161.1 $174.5 Product sales 57.3 0.1 12.2 20.3 25.1 57.7 9.3 13.0 Total revenue $393.6 $89.9 $
Slide 12: Verra Mobility Quarterly Results – Segment Results of Operations
Verra Mobility Quarterly Results Segment Results of Operations Commercial Services Unaudited ($ in millions) Full Year 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Full Year 2021 Q1 2022 Q2 2022 Total Revenue Commercial Services $180.9 $45.7 $66.5 $77.3 $71.5 $260.9 $73.5 $84.9 Segment Adj EBITDA Commercial
Slide 13: Verra Mobility Adj. Net Income and Adj. Diluted EPS Reconciliations
Verra Mobility Adj. Net Income and Adj. Diluted EPS Reconciliations (in $MM, except per share data) Q3 2021 Q4 2021 Q1 2022 Q2 2022 Net Income $ 27.3 $ 19.1 $ 10.0 $ 29.6 Amortization of intangibles 22.9 23.1 27.3 27.2 Transaction and other related expenses 2.7 3.8 0.2 0.3 Transformation expenses 0.
Slide 14: Thank You
Thank You http://ir.verramobility.com/